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02-Aug2017

Soyabean futures trade marginally lower on weak demand

Soyabean futures traded marginally lower on NCDEX, tracking weakness in spot demand and weak overseas prices after the US Department of Agriculture pegged the condition of the crop above market forecasts, dampening fears of potential yield losses as a result of recent hot, dry weather.

The contract for August delivery was trading at Rs 3000.00, down by 0.43% or Rs 13.00 from its previous closing of Rs 3013.00. The open interest of the contract stood at 56300 lots.

The contract for October delivery was trading at Rs 3113.00, down by 0.54% or Rs 17.00 from its previous closing of Rs 3130.00. The open interest of the contract stood at 40330 lots on NCDEX.


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